Waste Management Inc (WM): Today's Featured Materials & Construction Loser
(
) pushed the Materials & Construction industry lower today making it today's featured Materials & Construction loser. The industry as a whole was unchanged today. By the end of trading, Waste Management fell 19 cents (-0.6%) to $32.44 on average volume. Throughout the day, 3.1 million shares of Waste Management exchanged hands as compared to its average daily volume of 2.9 million shares. The stock ranged in price between $32.33-$32.67 after having opened the day at $32.64 as compared to the previous trading day's close of $32.63. Other company's within the Materials & Construction industry that declined today were:
(
), down 8.2%,
Perma-Fix Environmental Services
(
), down 6.7%,
(
), down 6.2%, and
TheStreet Recommends
(
), down 5.1%.
Waste Management, Inc., through its subsidiaries, provides waste management services to residential, commercial, industrial, and municipal customers in North America. It offers collection, transfer, recycling, and disposal services. Waste Management has a market cap of $15.25 billion and is part of the
sector. The company has a P/E ratio of 16.2, equal to the average materials & construction industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 0.7% year to date as of the close of trading on Wednesday. Currently there are no analysts that rate Waste Management a buy, one analyst rates it a sell, and seven rate it a hold.
TheStreet Ratings rates Waste Management as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full Waste Management Ratings Report.
On the positive front,
Integrated Electrical Services
(
), up 9.2%,
(
), up 5.6%,
(
), up 4.9%, and
(
), up 4.3%, were all gainers within the materials & construction industry with
(
) being today's featured materials & construction industry winner.
- Use our materials & construction section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the materials & construction industry could consider
(
) while those bearish on the materials & construction industry could consider
ProShares Short Basic Materials Fd
(
).
- Find other investment ideas from our top rated ETFs lists.
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